A Step-by-Step-Guide on how to buy Mydexpay (XMD)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Mydexpay (XMD) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Mydexpay (XMD) Once your deposit has been verified, you'll immediately have access to your finances and you can commence invest and trading. To purchase Mydexpay (XMD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Mydexpay (XMD), you'll need to put the short name of the asset (XMD) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this also. Click on “XMD/BTC” to advance.
Step 4 – Acquisition of (XMD) Mydexpay After you have found (XMD) Mydexpay, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff (XMD) Mydexpay was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of XMD you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of XMD. If you're glad, make a mouse click on “Buy XMD”. Your order will be filled when a Seller trades their XMD for the price you introduced.
Step 5 – Withdraw Mydexpay (XMD) Unless you're trading, never keep your crypto on an Crypto Exchange for an extended time frame. In order to take off your Mydexpay (XMD), go to the tab called “Funds” and mouse click on “Withdraw”. Mydexpay (XMD) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Mydexpay (XMD) by using the provided drop-down box. Enter the quantity of Mydexpay (XMD) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be asked for verfication via phone/email before a take off.